Daily Readings 07-09-2012

By: admin
Published: July 9th, 2012

The Education Blob

Since progressives want government to run health care, let’s look at what government management did to K-12 education. While most every other service in life has gotten better and cheaper, American education remains stagnant.

Spending has tripled! Why no improvement? Because K-12 education is a virtual government monopoly — and monopolies don’t improve.

GOP teachers balk at Obama-centric NEA convention - “Democracy” at work

“What I don’t like is the harassment going on for people to be an ‘EFO’ – an educator for Obama,” said Maureen van Wagner, a special education teacher from Anchorage, Alaska.

In interviews with The Associated Press, roughly a dozen teachers who identified themselves as Republicans said they felt pressure from union leaders and the rank-and-file to support Obama’s re-election – and felt marginalized when they wouldn’t. Some interviewed said they were so worried about retribution from their colleagues that they wouldn’t provide their names for publication.

GAO: ‘Little is Known’ About Effectiveness of Gov’t Jobs Programs for Disabled

According to the Government Accountability Office (GAO), “little is known” about whether nearly three dozen federal jobs programs for the disabled are actually helping people find work, including programs designed to help disabled veterans.

Sorry, America, you’re rich enough. Stop working

That is a must read, if you want to understand how insane (my opinion) some economists are… and not only economists are that insane….

Don’t Indulge. Be Happy….  – Here it comes  - in future America the “Department of Happy” (abbreviation D’OH, because we already have DOH -”Department of Health”) will tell every each of us when we are happy… 

Why, then, do so many of us bother to work so hard long after we have reached an income level sufficient to make most of us happy? One reason is that our ideas about the relationship between money and happiness are misguided. In research we conducted with a national sample of Americans, people thought that their life satisfaction would double if they made $55,000 instead of $25,000: more than twice as much money, twice as much happiness. But our data showed that people who earned $55,000 were just 9 percent more satisfied than those making $25,000. Nine percent beats zero percent, but it’s still kind of a letdown when you were expecting a 100 percent return.

Promises, Promises

Barack Obama has an accountability problem. It’s not simply that during the 2008 campaign he made extravagant promises to heal the planet, slow the rise of the oceans, end political divisions in America, and usher in an era of hope and change. It’s that as a candidate and in the early days of his presidency, Obama and his top aides made a series of very specific promises on a range of issues.

As a candidate, Obama promised to create five million new energy jobs alone, claimed that by the end of his first term his health care plan would “bring down premiums by $2,500 for the typical family,” and guaranteed that his financial rescue plan would help “stop foreclosures.” As president-elect, Obama informed us that he had asked two of his top economic advisers, Christina Romer and Jared Bernstein, to conduct a “rigorous analysis” of his economic recovery plan. The report that he released predicted unemployment would not rise above 8 percent if the stimulus plan was passed. And in the first year of his presidency, Obama pledged to “cut the deficit we inherited in half by the end of my first term in office,” “lift two million Americans from poverty,” and “jolt our economy back to life.”

Another Solyndra in the Making? - 5 million new energy jobs eh? 

Having already received $249 million in federal money, advanced battery maker A123 Systems has just five months of cash left to burn.

Another MF Global in the making?  - Missing $220 million??? - Prominent Cedar Falls businessman hospitalized after suicide attempt 

Another MF Global incident may be looming in the horizon. A small futures brokerage is freezing client funds after its owner attempted suicide, according to a press release on the brokerage’s website. PFGBest, a Cedar Rapids, Iowa-based broker with about $400 million in client-segregated funds at the end of April, moved customer accounts into liquidation status while the company investigates “accounting irregularities.”

 Obama: Most People “Would Acknowledge That I’ve Tried Real Hard” - video 

Here is the question - Should we re-elect someone because they’ve tried hard or because they’ve been successful?

The Single Most Accurate Indicator of Labor Market Health

China boosts state firms as entrepreneurs struggle - Obama’s dream…

“I am disappointed at the situation in China,” he said. “This is unfair.”

Today’s state companies and their relationship to the private sector have changed drastically from the era of central planning.

Beijing cut back state industry in the late 1990s, wiping out tens of millions of jobs. Then a new generation of leaders began in 2005 to build up elite companies such as oil giant PetroChina Ltd., phone carrier China Mobile Ltd. (CHL) (CHL) and Bank of China Ltd. to control industries deemed strategic.

State companies benefit from monopolies, low-cost bank loans, free land and other favors. Instead of competing with private companies, state firms extract money from them by controlling access to oil, electric power, phone service and other essential resources.

Obama’s transportation secretary hails Chinese infrastructure - If a Chinese official makes a statement praising some other countries way of doing business, he would be executed for a treason

U.S. Transportation Secretary Ray LaHood argued Saturday that China outpaces the United States in building major transportation infrastructure like high-speed rail because of its authoritarian system and because the Chinese don’t have the Republican Party holding up progress.

“The Chinese are more successful [in building infrastructure] because in their country, only three people make the decision. In our country, 3,000 people do, 3 million,” LaHood said in a short interview with The Cable on the sidelines of the 2012 Aspen Ideas Festival on June 30. “In a country where only three people make the decision, they can decide where to put their rail line, get the money, and do it. We don’t do it that way in America.”

LaHood said that despite this, democracy is still preferable. “We have the best system of government anywhere on the planet. It is the best. Because the people have their say,” he said.

Transportation Secretary: Without Obama ‘No One Would Have Ever Predicted’ Lexus Hybrids– Which Debuted in ‘04 -LOL that’s one stupid transportation secretary. Can you imagine, if it was only him and two other bureaucrats,  that  managed the American infrastructure? (look the article above) America would have been in ruins long ago…

Transportation Secretary Ray LaHood has credited the Obama administration’s work on fuel standards for having “jump started” the development of Lexus hybrids, even though the company debuted its SUV hybrid in 2004.

Oops; U.S. “Overpaid” $14 Bil In Jobless Benefits -The looting of America continues,  not only by the big crony capitalist and bankers, but also by illegal aliens and jail inmates

Corruption has plagued the nation’s out-of-control jobless benefits program for some time and the problem has only gotten worse under the Obama Administration. As far back as 2010, there were reports of unemployment checks going out to illegal immigrants in at least one state as well as other unqualified legal residents and citizens.

Earlier this year a mainstream newspaper reported the unbelievable story of a convicted murderer who for years collected unemployment benefits from jail. In all, the felon, a gangbanger, raked in more than $30,000 in unemployment benefits from 2008 to 2010 while incarcerated in California. When his contacts cashed the $1,600 monthly checks they would deposit a portion into his jail account and he would share some of the money with his fellow jailed gang members.

Unthinkable, Predictable Disasters - 

The disintegration of the euro, like America’s entitlement bomb, is both unfathomable and inevitable.

You can’t plan for disasters by refusing to talk about them

Santel and Farage  - Euro Titanic Hits The Iceberg 

PUNK ECONOMICS 5: THE WORLD SLOWS & EURO CRISIS FAR FROM OVER

Raising Minimum Wage: A Help Or Harm? - I agree…

Bill Dunkelberg, chief economist for the National Federation of Independent Businesses, a group that lobbies against increasing the minimum wage, says that every dollar an employee gets comes out of somebody’s pocket. He says it’s not logical that raising the minimum wage will add more spending money to the economy.

“It’s not the job of businesses to turn themselves into social service providers and pay in excess of value to the firm,” Dunkelberg says. “We do have something called the earned income tax credit, where we provide supplemental income to people who are working but need more money.”

The 11 Ways That Consumers Are Hopeless at Math

This is your brain on shopping, and it’s not very smart….

My 17 hours of hell at hospital where a patient died of thirst: Left unattended in agony, one writer’s account of her ordeal at an NHS ‘centre of excellence’ - A must read about the UK NHS and what is coming to America. Read the horror story and how well the “free” health care works in real life

Last summer, I sought help  at St George’s A&E one Saturday after my skin broke out in angry blisters. After a four-hour wait, a female doctor looked at my weeping skin and said: ‘Dermatology is not an emergency at weekends.’

As I begged her to help, she barked: ‘You seem very agitated. I think you need to see  a psychiatrist.’

I walked out and went to a  private hospital where, for £100, a doctor diagnosed a nasty form of eczema and put me on steroids.

I vowed then never to go back to St George’s. But when I collapsed in agony one Sunday night in May, my boyfriend had little choice but to call 999…..

Hospitals ‘letting patients die to save money’ - That only can happen in America, right?…Nope! It is in the UK again. The land of the free healthcare and home of the sick no one cares for…. 

Dr Gillian Craig, a retired geriatrician and former vice-chairman of the Medical Ethics Alliance, is one of the six signatories to The Daily Telegraph letter.

“If you are cynical about it, as I am, you can see it as a cost-cutting measure, if you don’t want your beds to be filled with old people,” she said. She advised that those who did not want to be put on the pathway should carry cards made by Dr Rosalind Bearcroft, a consultant psychiatrist from Kent, and another signatory.

83 percent of doctors have considered quitting over Obamacare

Eighty-three percent of American physicians have considered leaving their practices over President Barack Obama’s health care reform law, according to a survey released by the Doctor Patient Medical Association.

The DPMA, a non-partisan association of doctors and patients, surveyed a random selection of 699 doctors nationwide. The survey found that the majority have thought about bailing out of their careers over the legislation, which was upheld last month by the Supreme Court.

Even if doctors do not quit their jobs over the ruling, America will face a shortage of at least 90,000 doctors by 2020. The new health care law increases demand for physicians by expanding insurance coverage. This change will exacerbate the current shortage as more Americans live past 65.

By 2025 the shortage will balloon to over 130,000, Len Marquez, the director of government relations at the American Association of Medical Colleges, told The Daily Caller.

The tax man cometh to police you on health care

The Supreme Court’s decision to uphold most of President Barack Obama’s health care law will come home to roost for most taxpayers in about 2 1/2 years, when they’ll have to start providing proof on their tax returns that they have health insurance.

That scenario puts the Internal Revenue Service at the center of the debate, renewing questions about whether the agency is capable of policing the health care decisions of millions of people in the United States while also collecting the taxes needed to run the federal government.

VN:F [1.9.22_1171]
Rating: 4.5/5 (2 votes cast)
VN:F [1.9.22_1171]
Rating: +2 (from 2 votes)
Daily Readings 07-09-2012, 4.5 out of 5 based on 2 ratings
More on this topic (What's this?)
Student Loans are a Greater Burden
Want Positive Change? - Recognize Reality
The College Loan Bubble
An Education Solution to Low Wage Jobs
Read more on Education in the US at Wikinvest
This entry was posted on Monday, July 9th, 2012 at 9:32 pm and is filed under Chart, Cynical opinion, Doom, Economy, Government, Health care, Links, Statistics, Video. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

0 Comments on “Daily Readings 07-09-2012”

Subscribe to this post's RSS feed

0 Trackbacks/Pings (Trackback URL)

Leave a Reply




Comment:

Recent Entries

Recent Comments

Social Network









the Cynical Economist at Blogged
Wikio - Top Blogs
Share Add to Technorati Favorites http://www.wikio.com TopOfBlogs